This week in bitcoin: How Google and Twitter move the market for bitcoin — Tech News and Analysis

http://gigaom.com/2014/08/08/this-week-in-bitcoin-how-google-and-twitter-move-the-market-for-bitcoin/?utm_source=GeneralUsers&utm_campaign=e0af01404c-c:sci,mob,tec,cld,apl,mdad:08-09&utm_medium=email&utm_term=0_1dd83065c6-e0af01404c-99050101

Anyone who has followed bitcoin over the last three years knows that its price is an ad nauseum repeat of price spikes followed by mini crashes. Some of them have been triggered by external stimuli, like MtGox being hacked in 2011 before it ultimately met its demise this past March. The cycle — more like a roller coaster — of bitcoin price movements is becoming an interesting research topic for academics. However, how much of the price fluctuation has to do with the hype around the cryptocurrency?